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Short

DAX30 breaks major support 9850, targets 9490

FX:GER30   DAX index of German listed shares
192 0 5
Major support – 9850 (trend line joining 9757 and 9807)

Major resistance -10100

The index has broken major support 9850 and declined till 9807 at the time of writing. It is currently trading around 9817.

Intraday trend is weak as long as resistance 9900 holds. Any break above 9900 will take the index till 10000/10100.

On the lower side any break below 9800 will drag the index down till 9680/9500.

It is good sell on rallies around 9795-9805 with SL around 9905 for the TP of 9680/9618/9491
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